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745 Ellsborough Court Alpharetta, GA 30005

4 Beds 3 Baths 2,656 sqft Built 1998

$399,990

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $150.60
  • 3 Days on Market
  • MLS # : 6839402
  • Updated Date : 02/13/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,656 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

THIS ONE WON'T LAST LONG! Charming 4 Bedroom/2.5 Bath home on spacious corner lot in sought after WELLINGTON swim/tennis community. IDEAL LOCATION close to Emory Johns Creek Hospital, restaurants, shopping and recreational areas. TOP JOHNS CREEK SCHOOLS! Within walking distance to elementary school. Interior has been freshly painted with updated colors and the carpet is new as well. The kitchen has just been updated to include granite countertops, tile flooring, white cabinets and updated light fixtures.

SEE MORE

MARKET HIGHLIGHTS

  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 2018)
  • Atlanta metro's economy is worth $403 billion in Gross Metro Product and projected to grow to $426 billion in 2019 (USMayors.org, 2018)
  • Headquarters to twenty-six Fortune 500 companies: The Home Depot, UPS, Delta Air Lines, The Coca-Cola Company, SunTrust Banks, The Southern Company, AGCO, PulteGroup (Fortune, 2018/ Metro Atlanta Chamber)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • #1 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Neighborhood: Wellington

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $113k426k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Wellington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9732646

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Findley Oaks Elementary School Primary Regular 678 46 9
Taylor Road Middle School Middle Regular 1,043 74 8
Chattahoochee High School High Regular 1,879 102 9

Findley Oaks Elementary School

  • Education Level: Primary
  • # of students: 678
  • # of teachers: 46
9
GreatSchools Rating

Taylor Road Middle School

  • Education Level: Middle
  • # of students: 1,043
  • # of teachers: 74
8
GreatSchools Rating

Chattahoochee High School

  • Education Level: High
  • # of students: 1,879
  • # of teachers: 102
9
GreatSchools Rating
 

$359,991$439,989$399,990

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,389
Property Tax -$373
Property Insurance -$78
HOA -$67
Property Management Fees -$119
CASH FLOW
$244

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$399,990

PROJECTED PRICE

$2,270

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,747

INVESTMENT

$111,747

Down Payment
$99,998
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,998
Loan Amount $299,993
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$40,367

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,270

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,437

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2003$2,2704$2,5205$2,650
$2,650
RENT COMPS ANALYSIS
  • 745 Ellsborough Court Alpharetta, GA 3
    • 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.85
    •  
  • 11795 Windbrooke Way Alpharetta, GA 1
    • 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 1991
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.84
    •  
  • 5660 Oxborough Way Johns Creek, GA 2
    • 4 beds 3 baths ∙ 2,681 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,681 Sqft ∙ Built 1998
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 11605 Crossington Road Johns Creek, GA 4
    • 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1998
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $1.00
    •  
  • 5605 Oxborough Way Alpharetta, GA 5
    • 4 beds 3 baths ∙ 2,631 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,631 Sqft ∙ Built 1998
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.01
    •  
PROPERTY LISTING DETAILS
Jodi Maguire Vasquez
1.470.228.2596
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6839402
Last Updated: 02/13/2021
support@investimateroi.com

Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. Copyright (c) 2021 First Multiple Listing Service, Inc.

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